IWM - Futures Market Expects Zero Percent Rates Quantitative Easing Next As S&P 500 Drops More Than 7%
By FS Staff
The novel (COVID-19) coronavirus that swept through China is on the cusp of turning into a global pandemic, putting major pressure on global manufacturing - especially through disruption on the global supply chain - and, now, the much larger services sector as consumers cut back on travel, hotels, dining and large events.
Today, the Dow experienced its worst day since 2008 by sinking more than 2,000 points or 7.7%. The S&P 500 was also down by 7.6%, with such a massive sell-off that circuit breakers were triggered earlier this morning putting a